coinbase

Coinbase has delivered an earnings turnaround, reporting approximately $719 million in net profit for the third quarter of 2026. The result represents a 66% increase from $433 million a year earlier and ends three consecutive quarters of losses.
However, the headline profit does not tell the full story. Transaction revenue declined 43% year over year to around $590 million, reflecting softer trading activity. Revenue from other services and gains in cryptocurrency investments helped support the company's results, while lower expenses also played a role.
Coinbase reported total operating expenses of about $1.15 billion, down 17% from a year earlier. Despite the profit, its shares fell in after-hours trading following the announcement, showing that investors remain cautious about the durability of a recovery.
The earnings arrive during a volatile period for digital assets, with security concerns and shifting market sentiment keeping traders alert. Coinbase's results highlight an important trend: large crypto companies are trying to become less dependent on simple buying and selling fees.
For the wider crypto market, the key question is whether expanding services can deliver consistent revenue when Bitcoin and other tokens face sharp price swings. Strong quarterly earnings may improve confidence, but they do not guarantee a broader market rebound.
#CryptoNews #coinbase #bitcoin #BTC $BTC

📊Most of Coinbase's profit came from crypto price gains, not trading. Here's the fine print.
Both headlines look great at first glance. Both need a second look before you decide what they mean. 🤔
📊 What Happened?
Coinbase reported a third-quarter net income of $719 million, or $2.51 per share. Analysts had expected a loss of 26 cents per share. It's the company's first profit after two losing quarters.
Strategy went much bigger. It reported $19.53 billion in net income, up from $2.79 billion a year earlier, after a $20.91 billion gain on its bitcoin.
💡 Where Coinbase's Profit Came From
Here's the detail that changes the story. $715 million of the $719 million came from valuation gains on crypto assets Coinbase holds on its balance sheet, leaving adjusted net income of $78 million.
So, the beat came mostly from crypto prices rising in the quarter, not from customers trading more.
📉 What the Business Did
Revenue was about $1.2 billion, flat from the second quarter and down 35% from a year earlier. Transaction revenue fell to $590 million, down 44% from a year earlier.
There was a bright spot. Transaction revenue beat the roughly $527 million estimate. Weak, but better than feared.
🧩 The Parts That Looked Good
Subscription and services revenue rose 3% to $570 million, with stablecoin-related revenue making up $307 million of it. Coinbase's share of crypto trading volume rose to 10.7%, its fourth straight quarterly gain.
Newer products are growing too. Prediction markets passed $200 million in annualized revenue.
🟠 Strategy: Same Pattern, Bigger Scale
Strategy's number works the same way. It's mostly the paper gain on bitcoin it holds. It held 848,517 BTC as of October 25, while revenue from its software business fell 3% to $125.4 million.
CFO Andrew Kang will step down on November 5. That's a change worth noting at a company this tied to one asset.
🧱 The Fair Counterpoint
I don't want to dismiss the gains. Holding crypto is part of both strategies, and valuation gains are real accounting income. But they swing both ways. Coinbase posted a $359.5 million net loss in the second quarter amid investment-related losses.
That's why I think the quarterly headline matters less than the underlying business.
⚠️ The Risk Scenario
If crypto prices fall, the same line that lifted profit can turn into a loss. Coinbase's trading revenue is still far below last year, and a profit made of paper gains doesn't prove that demand is back.
👀 Three Things to Watch Next
Whether Coinbase's transaction revenue keeps stabilizing.How fast stablecoin and prediction-market revenue grow.How Strategy handles the CFO transition and its funding plans.
💡 The Bottom Line
Both companies posted huge profits, and both profits came mostly from crypto prices, not from the core business. The adjusted numbers tell the quieter, more useful story.
The real question isn't whether the headline looks good. It's what the numbers look like with the price gains taken out.
That's the part worth watching.
This post is for informational and educational purposes only and is not financial advice. Crypto markets are volatile. Always conduct your own research before making financial decisions.
#BinanceSquare #Bitcoin #Coinbase #Strategy #EarningsSeason

Coinbase ၏ တတိယသုံးလပတ်အစီရင်ခံစာ ထွက်လာပြီဖြစ်ပြီး ခေါင်းစဉ်က အတော်လေးကောင်းသည်—အသားတင်အမြတ် ဒေါ်လာ 719 သန်း၊ တစ်နှစ်ထက်တစ်နှစ် 66% တိုးလာသည်။
ဒါပေမဲ့ အမြတ်အစွန်းစာရင်းကို ကြည့်လိုက်တော့ ဒီဒေါ်လာ 719 သန်းထဲက ဒေါ်လာ 715 သန်းဟာ “ရင်းနှီးမြှုပ်နှံမှုဆိုင်ရာ ခရစ်ပတိုပိုင်ဆိုင်မှုများမှ ရရှိသောအမြတ်” ဖြစ်နေသည်။ ရှင်းရှင်းပြောရရင် စာရင်းထဲက ခရစ်ပတိုဒင်္ဂါးဈေးတွေ တက်သွားတာကြောင့် အဓိကရရှိတာဖြစ်ပြီး၊ အိတ်ချိန်းလုပ်ငန်း ပိုကောင်းလာတာကြောင့် မဟုတ်ပါ။
အချက်အလက်ကိန်းဂဏန်းအချို့ (အောက်တိုဘာ ၂၉ ရက် ဈေးကွက်ပိတ်ပြီးနောက်၊ SEC 10-Q နှင့် ကုမ္ပဏီ၏ ဘဏ္ဍာရေးအစီရင်ခံစာများမှ)
စုစုပေါင်းဝင်ငွေ ဒေါ်လာ 1.216 ဘီလီယံရှိပြီး ယခင်နှစ် အလားတူကာလက ဒေါ်လာ 1.869 ဘီလီယံရှိခဲ့သည်။ တစ်နှစ်ထက်တစ်နှစ် 35% ခန့် ကျဆင်းခဲ့ပြီး LSEG ကောက်ယူထားသော ခန့်မှန်းချက်ထက်လည်း အနည်းငယ်နိမ့်ခဲ့သည်။
ကုန်သွယ်မှုဝင်ငွေ ဒေါ်လာ 590 သန်းရှိပြီး တစ်နှစ်ထက်တစ်နှစ် 44% ခန့် ကျဆင်းခဲ့သည်။ ယင်းအနက် လက်လီရင်းနှီးမြှုပ်နှံသူများထံမှ ကုန်သွယ်မှုဝင်ငွေမှာ ဒေါ်လာ 450 သန်းဖြစ်ပြီး ယခင်နှစ် အလားတူကာလက ဒေါ်လာ 844 သန်းရှိခဲ့ကာ ထက်ဝက်နီးပါး ကျဆင်းသွားသည်။